F3 Uranium increases financing to $17-million

Executive Summary

• F3 Uranium Corp. upsized its previously announced bought‑deal private placement from C$15 million to C$17 million due to strong investor demand.
• The offering consists of 25 million units at $0.20 each, 23,333,334 federal flow‑through (FFT) units at $0.30 each, and 15,151,515 Saskatchewan flow‑through (SFT) units at $0.33 each.
• Proceeds will fund exploration of Athabasca Basin projects, general corporate purposes, and eligible flow‑through mining expenditures through Dec 31 2026.

Key Details

• Units Offered: 25 million units @ C$0.20 per unit = C$5.0 M gross proceeds.
• Federal Flow‑Through Units (FFT): 23,333,334 FFT units @ C$0.30 each = C$7.0 M gross proceeds.
• Saskatchewan Flow‑Through Units (SFT): 15,151,515 SFT units @ C$0.33 each = C$5.0 M gross proceeds.
• Total Gross Proceeds: Approximately C$17 million (up from the originally planned C$15 million).
• Unit Composition: Each unit = 1 common share + ½ warrant; each FT unit = 1 common share (flow‑through) + ½ warrant.
• Warrant Terms: One whole warrant per unit/FT unit, exercisable at $0.30 per share for up to 36 months after closing.
• Underwriter: Red Cloud Securities Inc., lead underwriter and sole bookrunner; option granted to purchase additional securities up to an extra C$3 million gross proceeds.
• Use of Proceeds:
• Exploration of Patterson Lake North, Minto, and Broach projects in the Athabasca Basin (Saskatchewan).
• General corporate purposes and working capital.
• Eligible Canadian exploration expenses qualifying as flow‑through critical mineral mining expenditures; renounced to FT unit subscribers by Dec 31 2025.
• Closing Date: Expected on Oct. 1, 2025 (or earlier/later by mutual agreement).
• Regulatory Notes: Offering made under NI 45‑106 exemptions; securities freely tradeable in Canada (except Quebec) upon closing; offshore/U.S. sales subject to applicable exemptions; hold period of four months plus one day for non‑exempt securities.

Notable Quotes

(No direct quotes were provided in the release.)